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April, 2011  // Posts published in April, 2011

29 Apr Posted by in Trend Analysis | Comments Off on Trend Analysis

Trend Analysis

Trend Analysis

  All forms of technical analysis are arbitrary from the standpoint of attempting to indicate what should or could occur. They are also arbitrary to the extent they attempt to anticipate a change in the market’s behavior, say from moving up to down or vice versa. The one exception to this is a certain pure […]

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27 Apr Posted by in Market Forecasting | Comments Off on The Trend is not Always Your Friend?

The Trend is not Always Your Friend?

The Trend is not Always Your Friend?

Today on the CNBC TV channel, an old time trader and newsletter writer Dennis Gartman was very bullish on metals and bearish on the US Dollar. It sounds to me like a promotional script to attract the public to follow the trend. Is it time to respect historical levels and be a contrarian?     […]

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21 Apr Posted by in Market Forecasting | Comments Off on Positioning For Collapse

Positioning For Collapse

Positioning For Collapse

Today’s trade in the June S&P continued the advance which came on the heels of the key reversal bottom which formed this past Monday. This three day advance fits perfectly with my expectation for the trend to reverse at the 4/22-4/23 time target. The post yesterday explained  procedurally that I would expect the move to […]

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21 Apr Posted by in Market Forecasting | Comments Off on “Hi-yo, Silver! Away!”

“Hi-yo, Silver! Away!”

“Hi-yo, Silver! Away!”

Silver is now approaching the January 1980 peak of $50.20 per oz. Traders who follow historic data will watch this level carefully. To be a Lone Ranger and pick a market top, you will need a mechanical timing trading tool. This is what I discuss in my webinars. Happy Trading.      

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20 Apr Posted by in Market Forecasting | Comments Off on Red Alert Continued

Red Alert Continued

Red Alert Continued

The strength we saw in the major equity indices today is more consistent with the market forming a top as we approach time targets of  4/22 and 4/23. Based on the notion that the market low that formed two days ago on 4/18 represents the start of a new thrust upward, the expectation is that its run […]

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19 Apr Posted by in Day Trading, Fibonacci Ratios | Comments Off on Preparing for a Winning Trade

Preparing for a Winning Trade

Preparing for a Winning Trade

The two most important questions I ask myself when I analyze a price chart of any time interval to find trading opportunities are: trend direction (easy to see) and trend strength (critical to know). Knowing the answers allows me to choose one of two basic trade entries. I can either trade with the trend when […]

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19 Apr Posted by in Market Forecasting | Comments Off on Market Red Alert

Market Red Alert

Market Red Alert

Attention-Attention!!! Abrupt and Extreme move to occur in the Stock market  this Friday(04/22/11) and/or Monday(04/25/11). More than two months ago a number of factors began to indicate trend reversal for April 22, and April 23. When I derive a weekend target such as Saturday 04/23, I necessarily look at the Friday before and the following  Monday. […]

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18 Apr Posted by in Market Forecasting, Options Analysis | Comments Off on A Fairy Tale

A Fairy Tale

A Fairy Tale

Once upon a time, many eons ago,there lived a young man, who lived in the district of the “Dark Side”. His village was so named, since it was widely believed that no one could predict the future. Being a young lad he found this quite sad and at least quite peculiar. For what was obvious […]

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13 Apr Posted by in Candle Sticks | Comments Off on The Importance of the Exit Strategy

The Importance of the Exit Strategy

The Importance of the Exit Strategy

Having specific trade entry and exit rules are imperative to successful trading.  I feel the exit of a trade is far more important than getting in.  Many “guru’s” gloss over or ignore this topic.  I have found that the combination of candlestick formations, Fibonacci extensions, regression channels and my proprietary application of the daily version […]

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08 Apr Posted by in Day Trading | Comments Off on Intra-Day Time Projection

Intra-Day Time Projection

Intra-Day Time Projection

The charts of the 5 minute e-mini show a precise application of a geometric time projection I made earlier this morning. The use of a circle drawn with its center at the bottom at 8:15 and its circumference point at the high of 8:40, projected a time target of 12:05. The second chart shows the […]

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